CBOE Holdings Reports January 2016 Trading Volume

- Total Volume of 103.0 Million Contracts

- Up 14% from December 2015, Down 4% from January 2015

- ADV of 5.4 Million Contracts

- Up 32% from December 2015 and 1% from January 2015

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Feb 01, 2016, 04:45 ET

CBOE Holdings, Inc. logo. (PRNewsFoto/CBOE Holdings, Inc.)

CHICAGO, Feb. 1, 2016 /PRNewswire/ -- CBOE Holdings, Inc. (NASDAQ: CBOE) reported today that total trading volume in January for options contracts on Chicago Board Options Exchange^® (CBOE^®) and C2 Options Exchange (C2) and futures contracts on CBOE Futures Exchange (CFE^®) was 103.0 million contracts, with an average daily volume (ADV) of 5.4 million contracts, increases of 14 percent and 32 percent, respectively, from December 2015.

When compared to January 2015's 107.2 million total options and futures contracts, total volume for January 2016 decreased 4 percent. ADV during January 2016 slightly increased by 1 percent over January 2015's ADV of 5.4 million contracts.

CBOE Holdings Consolidated Trading Volume Current Month
(contracts in thousands)	Jan 2016	Jan 2015	% Chg	Dec 2015	% Chg
Trading Days	19	20		22
Total Contracts (options & futures)	102,994.5	107,239.7	-4%	90,028.8	14%
Total Options Contracts (CBOE & C2)	97,826.1	102,666.1	-5%	85,495.5	14%
Total Futures Contracts (CFE)	5,168.4	4,573.7	13%	4,533.4	14%

Total ADV (options & futures)	5,420.8	5,362.0	1%	4,092.2	32%
Total Options ADV (CBOE & C2)	5,148.7	5,133.3	--	3,886.2	32%
Total Futures ADV (CFE)	272.0	228.7	19%	206.1	32%

CBOE Trading Volume and Market Share

CBOE Volume: January

CBOE's ADV for the month was 4.8 million contracts and total volume was 90.8 million contracts, increases of 33 percent and 15 percent, respectively, from December 2015. When compared to a year ago, January 2016 ADV was unchanged and total volume decreased 5 percent.
January ADV in index options increased 35 percent from December 2015 and increased 26 percent from January 2015.
January ADV in equity options increased 31 percent from December 2015, but decreased 17 percent from January 2015.
January ADV in exchange-traded product (ETP) options increased 35 percent from December 2015, but decreased 6 percent from January 2015.
Expanded volume information for CBOE index and ETP options is available at: www.cboe.com/data/monthlyvolume.aspx.

CBOE Trading Volume Current Month
(contracts in thousands)	Jan 2016	Jan 2015	% Chg	Dec 2015	% Chg
Trading Days	19	20		22
Total Exchange	90,837.3	95,516.1	-5%	78,798.9	15%
Total Exchange ADV	4,780.9	4,775.8	--	3,581.8	33%
Equity Options	29,415.5	37,463.3	-21%	26,090.9	13%
Equity Options ADV	1,548.2	1,873.2	-17%	1,186.0	31%
Index Options	37,626.4	31,351.5	20%	32,326.0	16%
Index Options ADV	1,980.3	1,567.6	26%	1,469.4	35%
ETP Options	23,795.4	26,701.2	-11%	20,382.0	17%
ETP Options ADV	1,252.4	1,335.1	-6%	926.5	35%

CBOE Market Share: January

CBOE's market share of total U.S. options industry volume was 24.9 percent in January, an increase of 1.6 percentage points from December 2015 and a decrease of 2.1 percentage points from January 2015.

CBOE Market Share Current Month
	Jan 2016	Jan 2015	% Pt. Chg	Dec 2015	% Pt. Chg
Total Exchange	24.9%	27.0%	-2.1%	23.3%	1.6%
Equity Options	17.2%	19.3%	-2.1%	16.2%	1.0%
Index Options	98.2%	96.2%	2.0%	98.2%	--
ETP Options	15.3%	21.1%	-5.8%	14.1%	1.2%

C2 Trading Volume and Market Share

C2 Volume: January

C2's ADV for the month was 367,831 contracts and total volume was 7.0 million contracts, increases of 21 percent and 4 percent, respectively, from December 2015.
When compared to a year ago, January 2016 ADV increased 3 percent and total volume decreased 2 percent.

C2 Trading Volume Current Month
(contracts in thousands)	Jan 2016	Jan 2015	% Chg	Dec 2015	% Chg
Trading Days	19	20		22
Total Exchange	6,988.8	7,150.0	-2%	6,696.5	4%
Total Exchange ADV	367.8	357.5	3%	304.4	21%
Equity Options	1,605.8	1,872.2	-14%	1,543.6	4%
Equity Options ADV	84.5	93.6	-10%	70.2	20%
Index Options	291.8	66.9	336%	237.5	23%
Index Options ADV	15.4	3.3	359%	10.8	42%
ETP Options	5,091.2	5,211.0	-2%	4,915.4	4%
ETP Options ADV	268.0	260.5	3%	223.4	20%

C2 Market Share: January

C2's market share of total industry volume in January was 1.9 percent, a decrease of 0.1 percentage points from both December 2015 and January 2015.

C2 Market Share Current Month
	Jan 2016	Jan 2015	% Pt. Chg	Dec 2015	% Pt. Chg
Total Exchange	1.9%	2.0%	-0.1%	2.0%	-0.1%
Equity Options	0.9%	1.0%	-0.1%	1.0%	-0.1%
Index Options	0.8%	0.2%	0.6%	0.7%	0.1%
ETP Options	3.3%	4.1%	-0.8%	3.4%	-0.1%

CBOE Futures Exchange (CFE) Trading Volume

CFE Volume: January

Total ADV at CFE was 272,021 contracts in January, an increase of 32 percent from December 2015 and 19 percent from January 2015.
Total volume at CFE for the month was 5.2 million contracts, up 14 percent from December and 13 percent from total volume a year ago.
Trading activity in VIX futures during non-U.S. trading hours set a record in January with volume of 650,454 contracts, up from the previous record of 640,498 sent in August 2015.
Monthly ADV for VIX futures traded during extended trading hours also set a new record with 34,234 contracts, up from 30,500 in August 2015.
Extended trading volume represented 12.6 percent of total VIX futures volume in January, an increase from nearly 9 percent in December 2015.

CFE Monthly Volume Summary*
	Jan 2016	Jan 2015	% Chg	Dec 2015	% Chg
Trading Days	19	20		22
VIX Index Futures
Total	5,167,889	4,568,728	13%	4,532,881	14%
ADV	271,994	228,436	19%	206,040	32%
CFE Total Exchange
Total	5,168,403	4,573,650	13%	4,533,369	14%
ADV	272,021	228,683	19%	206,062	32%

*Volume numbers for 2016 and December 2015 now include VIX Weeklys futures totals.

CBOE Holdings Average Revenue Per Contract

The company plans to report its average revenue per contract for the three months ended December 31, 2015, in conjunction with its quarterly earnings news release, which is expected to be issued on Wednesday, February 3, 2016. This information also will be posted to the Investor Relations section of CBOE's web site under Financial Information, Supplemental Information.

About CBOE Holdings:

CBOE Holdings, Inc. (NASDAQ: CBOE) is the holding company for Chicago Board Options Exchange (CBOE), the CBOE Futures Exchange (CFE), and other subsidiaries. CBOE, the largest U.S. options exchange and creator of listed options, continues to set the bar for options and volatility trading through product innovation, trading technology and investor education. CBOE Holdings offers equity, index and ETP options, including proprietary products, such as options and futures on the CBOE Volatility Index (VIX Index) and S&P 500 options (SPX), the most active U.S. index option. Other products engineered by CBOE include equity options, security index options, Weeklys options, FLEX options, and benchmark products such as the CBOE S&P BuyWrite Index (BXM). CBOE Holdings is home to the world-renowned Options Institute, Livevol options analytics and data tools, and www.cboe.com, the go-to place for options and volatility trading resources.

Media Contacts:		Analyst Contact:
Suzanne Cosgrove	Gary Compton	Debbie Koopman
(312) 786-7123	(312) 786-7612	(312) 786-7136
[email protected]	[email protected]	[email protected]

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